XAUUSD Retracement 24.05.2024

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XAUUSD Retracement 24.05.2024 by BDSwiss_Academy on TradingView.com

GOLD (XAUUSD) Analysis. Quite interesting H4 Chart:

Could be a good opportunity for catching a retracement. Lots to consider.
– Reversal to the downside crossing the MA on its way down.
– BB Lower band reached.
– RSI in oversold area and beginning to show bullish signals.
– 2,325 USD/oz could act as a strong support at the moment.

Target level at near 61.8 Fibo Retracement level, at 2,360 USD/oz.


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